NYSE: CVS
CVS Health Corp.
Healthcare · Medical - Healthcare Plans
After hours: $95.70(+0.03%) · as of 7:59 PM ET
Market Cap
$122.07B
52w High
$110.68
52w Low
$64.32
P/E
25.02
Volume
5.66M
Outstanding Shares
1.28B
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 47.46% over the last year. Revenue grew 7.36% over the trailing twelve months. Operating margin moved from 2.32% to 2%. Free cash flow grew 145.98% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 57th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 2%. Revenue grew 7.36% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
CVS Health Corp. is a health solutions company, which engages in the provision of healthcare services.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
35
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $1.66 · Revenue est $104.1B
View
Dividends
$2.66/shareQuarterlyDividend Aristocrat · 28yrAdequateCVS pays a dividend with a 2.78% dividend yield, 28 consecutive years of growth, growing at 5.87% annually, covered 2.3× by free cash flow.
Dividend Yield
2.78%
Annual Div / Share
$2.66
5yr CAGR
+5.87%
Doubles every ~12.2yr
Payout Ratio
69.63%
Adequate
Dividend Growth Rate
3yr CAGR
+4%
5yr CAGR
+5.87%
10yr CAGR
+5.05%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$28/yr $2/mo | $37/yr+33% $3/mo | $49/yr+77% $4/mo |
Yield-on-cost grows from 2.78% → 4.92% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
CVS has raised its dividend for 28 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.87% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.